Has the Millennial Housing Boom Only Just Begun?

The largest, most diverse generation in U.S. history has experienced setbacks, but many are now moving past student debt and the effects of the Great Recession into their prime buying years.

Read Time: 1 minute

November 8, 2021, 7:00 AM PST

By James Brasuell @CasualBrasuell


Millennials

Gustavo Frazao / Shutterstock

"We've only seen the beginning of millennial housing demand," writes Hillary Hoffower to amplify the points made in a recent "commentary" written by Dana M. Peterson for Barron's [paywall]. Unless you have a subscription to Barron's, Hoffower's aggregation will have to stand in for the analysis provided by Peterson, who is the chief economist at non-profit The Conference Board.

Many Millennials are just now entering into peak home-buying years, according to Peterson's argument. Many have struggled for years to build up the necessary cash to buy a home thanks to the Great Recession and a "mountain of student debt" incurred by the record high cost of college.

"The sheer size of the millennial population, and the fact that they are just entering peak years for starting families and earning money, means that demand for housing has room to run," writes Peterson for Barron's.

The implication, of course, is that a new glut of Millennial homebuyers is adding additional demand to a housing market already sodden with low-interest rates and competition from institutional buyers, work from home, and a lack of existing supply.

Sunday, October 31, 2021 in Barron's

Chicago Commute

The Right to Mobility

As we consider how to decarbonize transportation, preserving mobility, especially for lower- and middle-income people, must be a priority.

January 26, 2023 - Angie Schmitt

Sharrow bike markings on black asphalt two-lane road with snowy trees

Early Sharrow Booster: ‘I Was Wrong’

The lane marking was meant to raise awareness and instill shared respect among drivers and cyclists. But their inefficiency has led supporters to denounce sharrows, pushing instead for more robust bike infrastructure that truly protects riders.

January 26, 2023 - Streetsblog USA

View of stone-paved street with pedestrians and "Farmers Market" neon sign on left and old buildings on right in Seattle, Washington

Push and Pull: The Link Between Walkability and Affordability

The increased demand for walkable urban spaces could make them more and more exclusionary if cities don’t pursue policies to limit displacement and boost affordability.

January 27, 2023 - Smart Cities Dive

View of Tacoma, Washington with Mount Rainier in background

Tacoma Developing New Housing Policy

The city’s Home in Tacoma plan is designed to address the region’s growth and rising housing prices, but faces local backlash over density and affordability concerns.

February 2 - The Urbanist

Green alley under construction

Green Alleys: A New Paradigm for Stormwater Management

Rather than shuttling stormwater away from the city and into the ocean as quickly as possible, Los Angeles is now—slowly—moving toward a ‘city-as-sponge’ approach that would capture and reclaim more water to recharge crucial reservoirs.

February 2 - Curbed

Aerial view of residential neighborhood in La Habra, California at sunset

Orange County Project Could Go Forward Under ‘Builder’s Remedy’

The nation’s largest home builder could receive approval for a 530-unit development under an obscure state law as the city of La Habra’s zoning laws hang in limbo after the state rejected its proposed housing plan.

February 2 - Orange County Register